SEC Investigating Goldman Over AIG Collapse


Did Goldman Sachs Group (GS) force American International Group (AIG) into the arms of the U.S. government? AIG, the financial institution now 79.9%-owned by the U.S. Treasury, cost taxpayers $182.3 billion in cash and guarantees, and paid Goldman $12.9 billion as part of a backdoor bailout. Now, the The New York Times has the nerve to suggest that Goldman's demands for money are what shoved AIG over the edge.